Post Utme Delsu 2023 Commerce Question 1
Practice objective / multiple choice question 1 from the 2023 Post Utme Delsu Commerce examination.
A company's inventory management system uses the Economic Order Quantity (EOQ) model to determine the optimal order quantity. The EOQ model is given by the formula: EOQ = √(2DS/C), where D is the annual demand, S is the ordering cost, and C is the holding cost. If the annual demand is 1000 units, the ordering cost is ₦50 per order, and the holding cost is ₦10 per unit, what is the optimal order quantity?
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About This Question
This is Post Utme Delsu 2023 Commerce Question 1. It is one of the objective questions from the 2023 Post Utme Delsu Commerce examination.
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